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joe torre is elected to the baseball's hall of fame. we'll tell you who else made the prestigious list. tracy: sticking to the sports theme, what do football and yogurt have in common? adam: nothing. tracy: we'll tell you why one greek yogurt-maker is advertising in of all places, the super bowl. adam: and diet sodas may need more advertising. why sales are flat just ahead. tracy: of course as we do every day at this time of day look how oil is trading especially talking about owl these airlines. pretty much flat today, $97.70 a barrel. the dow is up 18 points. don't go anywhere. tracy: that time of day again to make some money. charles payne is here. this hour he is looking at a relative newbie company, that means it's a lotto ticket, that offers network security platforms with his pick taking us across the country to california. what is going on. >> people would be offended that worked there that you call them a lottery ticket. this was company i had given up on. it was high flying stock and crashed and drove by the headquarters. ever
joe torre is elected to the baseball's hall of fame. we'll tell you who else made the prestigious list. tracy: sticking to the sports theme, what do football and yogurt have in common? adam: nothing. tracy: we'll tell you why one greek yogurt-maker is advertising in of all places, the super bowl. adam: and diet sodas may need more advertising. why sales are flat just ahead. tracy: of course as we do every day at this time of day look how oil is trading especially talking about owl these...
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we have a lot of political headlines in the election year. that could cause volatility in the markets. could be fun for people. cheryl: maybe now and january time to ease into the market? ease is the word of the day. >> like a hot tub. don't go in head first. cheryl: brian, good advice. thank you for being here. adam: don't go head first is advice you use to go down to washington, d.c. because this will come as a surprise to lot of people, uncertainty in washington, d.c. is causing some companies to consider shifting some of their business overseas. rich edson joins us from washington with more on this. it could be troubling for the economy, right, rich? >> it could adam as it has been in the past. congress created it as a temporary tax credit in 1981. lawmakers extended it more than a dozen times and congress probably won't get to it this year. we're talking about research and development tax credit. congressional sources say lawmakers likely adjourn for the year without extending before it expires on january 1st. congressional research serv
we have a lot of political headlines in the election year. that could cause volatility in the markets. could be fun for people. cheryl: maybe now and january time to ease into the market? ease is the word of the day. >> like a hot tub. don't go in head first. cheryl: brian, good advice. thank you for being here. adam: don't go head first is advice you use to go down to washington, d.c. because this will come as a surprise to lot of people, uncertainty in washington, d.c. is causing some...
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similar reason driving is as both parties are trying to kick this out for two more years to have an election and decide how these issues get resolved. accommodation suggests they will get a deal in the next couple of days. dagen: this is if you have described it to use your words some low hanging fruit. how does this deal come together and what are the chances it does? >> i think it is slightly better than 50% chance it is going to get done. remember, the two chairs negotiating the steel are not here to tell us what they want to get done, they feel confident they will get something done. the issue here is last-minute demands. the republicans think they need some level of entitlement changes to get the rank-and-file members, thre slayer pushing han this changes to hospital spending for medicaid. the democrats pushing for more spending on unemployment insurance possibly inclusion of the minimum wage. all of those make it harder for rank-and-file members to vote for it. so the plan will actually narrow in the next day or so before they come to a deal. that is why they could get $45 billion inst
similar reason driving is as both parties are trying to kick this out for two more years to have an election and decide how these issues get resolved. accommodation suggests they will get a deal in the next couple of days. dagen: this is if you have described it to use your words some low hanging fruit. how does this deal come together and what are the chances it does? >> i think it is slightly better than 50% chance it is going to get done. remember, the two chairs negotiating the steel...
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cheryl: you know, as elected the next couple of weeks, the thing that there is anything that could be a surprise? don't tell me it's another storm. >> well, yes. a lot more storms, but i think really the bigger story is going to be the when it comes to a seasonal items such as any type of police, sweaters, gloves, snow stuff, we are seeing that they are up over 30, 40 percent over last year just based on whether from just the analytically. cheryl: and started jumping, but that is the concern. we saw some much promotional activity going into this holiday. things giving starts in september and christmas starts in october. those items already discounted? other retailers going to miss that profit trevor? >> well, they certainly are off, but when we look at, some last year, a lot of the staff did not even sell. there were sold after the holiday for 75 percent off. other probably 30 percent off. we're going to see is it will be a lot more cash. for a group like j.c. penney's i mean this is just a perfect storm. they're going to sell more, and it's going to bring hard cash into the business.
cheryl: you know, as elected the next couple of weeks, the thing that there is anything that could be a surprise? don't tell me it's another storm. >> well, yes. a lot more storms, but i think really the bigger story is going to be the when it comes to a seasonal items such as any type of police, sweaters, gloves, snow stuff, we are seeing that they are up over 30, 40 percent over last year just based on whether from just the analytically. cheryl: and started jumping, but that is the...
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the former city police department commissioner has now been appointed by mayor-elect bill de blasio to lead it again. bratton ran the nypd from 1994 to 1996 under former mayor rudy giuliani. he developed tactics that led to a steep decline in crime. >>> a handwritten manuscript of bruce springsteen's 1975 hit, born to run, sold for $197,000 in auction in new york. the presale estimate was 70 to $100,000. sotheby's says the document a used to be in the collection of springsteen's former manager. that is valuable. those are theenews headlines on the fox business network. now back to tracy. are you a fan? tracy: huge! i could actually recite every line to every song on that album but i won't, then i will -- >> who has time. tracy: i just get enough of that around here. jamie colby, thank you very much. ♪ all right to the special series, gotta have it. no one enjoys holidays more than the kids, the big trick to find toys fun but educational. they stand apart producing learning toys for kids and parents, leapfrog. the ceo joins us. nice good ol' friend of fox. john, good to see you. how a
the former city police department commissioner has now been appointed by mayor-elect bill de blasio to lead it again. bratton ran the nypd from 1994 to 1996 under former mayor rudy giuliani. he developed tactics that led to a steep decline in crime. >>> a handwritten manuscript of bruce springsteen's 1975 hit, born to run, sold for $197,000 in auction in new york. the presale estimate was 70 to $100,000. sotheby's says the document a used to be in the collection of springsteen's former...
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under the official schedule this will be concluded sometime next fall, slightly best november elections. the big next hurdle what they call the plan of adjustment. the city has to submit to the judge where it wants to cut and what it wants to duty. then there will be legal wrangling over whether or not that is a fair plan. actually the majority of creditors have to sign off on the plan in order to, in order to certify it. there is also this kind of "nuclear option" that the judge could cram down the plan of adjustment if the legal negotiations still go nowhere. officially the city is hoping to compel the creditors get them to understand they're not going to get a better deal. ashley: what other legal recourses to have and retirees. can they tie this thing up more in court? >> they certainly can try. vowed to appeal. they have already used every legal argument in their arsenal. but it was the judge's decision. one reason why it took him slightly longer than expected to come down with this ruling, he wants it to be a strong ruling, fair ruling. he thinks it will hold up. he said that. he
under the official schedule this will be concluded sometime next fall, slightly best november elections. the big next hurdle what they call the plan of adjustment. the city has to submit to the judge where it wants to cut and what it wants to duty. then there will be legal wrangling over whether or not that is a fair plan. actually the majority of creditors have to sign off on the plan in order to, in order to certify it. there is also this kind of "nuclear option" that the judge...
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i actually think this is in serious jeopardy before we get to the midterm elections of being significantly modified if not being repealed. dagen: will be modified in terms of losing your doctor? for example out in california, running his own exchanges, a similar situation if you look at some of the cheaper plans in the exchange california is running where it is not the amount of doctors or different doctors in these plans. people will be in for a shock like you said. >> frankly are the young folks necessary to keep them afloat, will they enroll? a story out the said nearly one out of three people that have signed up on the exchanges information wasn't getting to the insurers, cancellations or duplicates, so are the young folks go to sign up in time and will the insurers have the information they need? connell: thank you very much. dagen: more from detroit. the judge in the detroit bankruptcy ruling the city is eligible for bankruptcy. jeff flock has more from the courtroom. what is going on? jeff: as you might guess, it is being repealed the attorneys. you are live on the fox business netw
i actually think this is in serious jeopardy before we get to the midterm elections of being significantly modified if not being repealed. dagen: will be modified in terms of losing your doctor? for example out in california, running his own exchanges, a similar situation if you look at some of the cheaper plans in the exchange california is running where it is not the amount of doctors or different doctors in these plans. people will be in for a shock like you said. >> frankly are the...
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midterm elections for congress are heating up, amazing america% with sarah palin set to premiere on the channel that will cover call links to the great outdoors. it is unpredictable and we have the mother of the mall. the hook and bullet outlet which shows on fishing and hunting, and by a private equity firm. fuhrer than 32, and 1 ten million or so. espn, over 1 hundred million homes. in her new show she seemed more -- a contributor to fox news. the timing is interesting. the announcement comes after another sarah palin careful involving nbc commentator. in her previous stab at reality sarah palin's alaska was scolding a salmon senseless. it was canceled after one season. tracy: polk came. i like salmon. and the overgenerous diver, tips from jesus made his way to new york city thankfully for all waitstaff everywhere. one lucky waiter got a $7,000 tip over the weekend. another at the lincoln center got a $3,500 said. a waiter at bose cajun got $1,000 check from the mystery guest. the waiter told a mystery post the mystery to it for west jack sylvia who has been rumored to be -- selby has
midterm elections for congress are heating up, amazing america% with sarah palin set to premiere on the channel that will cover call links to the great outdoors. it is unpredictable and we have the mother of the mall. the hook and bullet outlet which shows on fishing and hunting, and by a private equity firm. fuhrer than 32, and 1 ten million or so. espn, over 1 hundred million homes. in her new show she seemed more -- a contributor to fox news. the timing is interesting. the announcement comes...
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from 55% so you do see that they did say the fund started when i told you which is limited partners elected to redeem their interest in 2013. we will see what happens from here on out but the stock is reacting negaaivey. ashley: taking public transportation to work is about to get more taxing. right now train and bus riders and motorists can get $245 a month in tax breaks but come january public transit riders will see that number cut in half, drivers will get a bigger tax break. dan smith, tax advocate for public interest research group joins us with his beach. joining along with my be. let's get this straight. commuters lose substantial slice of their tax break but motorists are regarded or won't be getting even more. >> exactly right. come january 1st if congress doesn't act, three million people who take public transit to work every day suddenly will see the cost of their trip become more expensive and this doesn't make any sense. it is unfair for people that take public transit to work and it also distorts consumer choices in the worst way possible by using tax code to buy incentive fo
from 55% so you do see that they did say the fund started when i told you which is limited partners elected to redeem their interest in 2013. we will see what happens from here on out but the stock is reacting negaaivey. ashley: taking public transportation to work is about to get more taxing. right now train and bus riders and motorists can get $245 a month in tax breaks but come january public transit riders will see that number cut in half, drivers will get a bigger tax break. dan smith, tax...
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since the mid term elections of 2010. that is a positive underpinning to both economic growth admitted it's modest, and to the market as a whole. do i think this budget deal is a market mover? not necessarily, but let's face it the market seems to go up on every bit of news right now. stuart: it doesn't hurt and the market wants to go up and i think you're on record saying 18 k for the dow fairly soon. is that right? it is? >> it's coming. i don't know how-- we have to define fairly soon. >> okay. and i will not pin you down, because that was not your forecast. tray knippa, thank you. the opening bell has running. and we're before 16,000. everybody knows i'm a ludwick-- luddite sort of. friday night i ordered a book on amazon and sunday morning it was delivered by the postal service. i thought i'd like you to know that amazon is using the postal service and it works. and another big name you know, it's china mobile. they're going to take orders for apple's iphones starting thursday. apple is up in part on that news. china
since the mid term elections of 2010. that is a positive underpinning to both economic growth admitted it's modest, and to the market as a whole. do i think this budget deal is a market mover? not necessarily, but let's face it the market seems to go up on every bit of news right now. stuart: it doesn't hurt and the market wants to go up and i think you're on record saying 18 k for the dow fairly soon. is that right? it is? >> it's coming. i don't know how-- we have to define fairly soon....
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and now new york's mayor-elect bill de blasio wants to make them pay even more. he propose ad misnamed millionaire's tax. it is misnamed because it kicks in on all those make $5 million to pay for kindergarten education programs. will the tax catch on? steve forbes, "forbes" editor in chief lives in new jersey. >> i saw 60 years ago this was coming along. david: wealth tax, it is small increment increase. i think city tax would go 3.9 to 4.3, 4.4. it is small but all of these wealth taxes always start out small. i think of the amt, alternative minimum tax, originally designed for a couple dozen people. now it affects millions. >> that's right. it also sends a signal out that new york city takes prosperity such as it is for granted. new york does have unique advantages. it won't kill the city but sends a message out, we're not interested in entrepreneurs. more importantly we don't understand real wealth creation. if anything you should be doing the opposite. in terms of what he wants to finance, in terms of education, if he is really a believer in hecation why doe
and now new york's mayor-elect bill de blasio wants to make them pay even more. he propose ad misnamed millionaire's tax. it is misnamed because it kicks in on all those make $5 million to pay for kindergarten education programs. will the tax catch on? steve forbes, "forbes" editor in chief lives in new jersey. >> i saw 60 years ago this was coming along. david: wealth tax, it is small increment increase. i think city tax would go 3.9 to 4.3, 4.4. it is small but all of these...
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him go along with major tax-- true he's not going along for everything for sure, but then we have an election in 2016 which we'll get a new president and i think whether it's a democrat or a republican you'll find the new president far more amenable to good economic policies than obama and his administration has been. i mean, you could get another clinton-like democrat in there or you could get a reagan republican in there. and you would have a boom that you couldn't imagine how wonderful it's going to be. and that's why i'm really bullish about the stock market. i think the stock market looks at what will be, stuart, not what has been. and when you look to the future, i am very optimistic about change in america. i mean, just look at what's happened with obamacare. i mean, who-- you know it has to collapse, you know it's just built on unsound theory and unsound data, but seeing is actually collapsing before our very eyes is very, very fulfilling and not in the sense that we want it to collapse, but that we know the silly give away themes don't work. stuart: we hear you, i think you're puttin
him go along with major tax-- true he's not going along for everything for sure, but then we have an election in 2016 which we'll get a new president and i think whether it's a democrat or a republican you'll find the new president far more amenable to good economic policies than obama and his administration has been. i mean, you could get another clinton-like democrat in there or you could get a reagan republican in there. and you would have a boom that you couldn't imagine how wonderful it's...
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david: new york mayor-elect bill deblasio appointed former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick mustang, it will go on sale at the 50th anniversary of the launch of iconic mustang. time fore"after the bell." david: i have should mention by the way the floorboard of the '67 mustang that chris noth had was not there. it rusted out. we were looking at road beneath our feet. what you do in college, crazy stuff. we have lee munson, portfolio manager, chief investment officer will explain why he doesn't think the fed will taper soon no matter how strong the economic data. we have tim mullen in the pits. tim i want to start with you. the looks like the market is ready for a good jobs report, perhaps, as a result earlier tapering than we thought, correct. >> that is the thought in the market action but when you look at bond market and the way the selloff ended i think there is hesitation. if we get a jobs number there is no certainty fed will s
david: new york mayor-elect bill deblasio appointed former new york city police commissioner, william bratton. he served during the giuliani administration during the mid 1990s but he was fired. liz: ford unveiled the new version of eye coon nick mustang, it will go on sale at the 50th anniversary of the launch of iconic mustang. time fore"after the bell." david: i have should mention by the way the floorboard of the '67 mustang that chris noth had was not there. it rusted out. we...